SHG Bank Linkage Programme – Direct Linkage to SHGs
Purpose / Objective
- To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.
Eligibility
Amount of Loan
| 1st linkage |
Up to 4 times of savings of the group with a maximum of Rs.1.00 lakh |
| 2nd linkage |
Up to 8 times of savings of the group, subject to a ceiling of Rs.3.00 lakh. |
| 3rd linkage |
Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.5.00 lakh. |
| 4th linkage |
Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.7.50 lakh. |
| 5th linkage |
Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.10.00 lakh. |
Interest Rates
- Please refer the Lending Rates link on home page in our Bank`s Website.
Repayment
- Maximum 60 months depending upon the activity.
Security
- Hypothecation of assets wherever created.
* BPLR and BASE RATE – Available in Home Page
